Ashoka Metcast IPO is all about to make its debut on 23 Jan 2018 with issue size of INR 12 Cr.
Ashoka Metcast Limited, a 2009-founded business with offices in Ahmedabad, Gujarat, trades structural steel goods such round bars and flat bars. The company wants to produce structural steel goods such MS bars, TMT bars, angles, and channels.
A diverse company group, comprising Ashoka Metcast Limited, with holdings in a number of industries, including oil and gas, steel, infrastructure, electronic equipment, and real estate. Gujarat Natural Resources Limited, the group’s main company, is involved in oil and gas exploration and production. It presently has participation interests in six Cambay basin producing blocks and operates four of these blocks. The firm has a market capitalization of about 125 crores and is listed on the BSE.
INDUSTRY OVERVIEW
The economy of India is anticipated to retain its pace of rapid expansion and remain the fastest-growing G20 country. Consumption will be supported by the government’s rise in public pay and pensions, and private investment is anticipated to gradually return as surplus capacity declines. Investment is hampered, nevertheless, by non-performing loans and some firms’ excessive levels of debt. There isn’t much opportunity for fiscal stimulus to lower the high public-debt-to-GDP ratio, and monetary policy is expected to stay tight. Raising living conditions for everybody requires investing in both social and physical infrastructure. To pay for this investment, income and property tax reforms are required.
More FDI and trade barriers must be reduced, labour laws must be modernised, and education and skill development must improve in order to support the creation of high-quality jobs in manufacturing. FDI net inflows are covering the whole current account deficit, notwithstanding the minor worsening caused by rising oil prices and gold imports. Private investment should be encouraged by the introduction of the GST and the lower corporate income tax rate.
Ashoka Metcast IPO Details
| IPO Date | Jan 23, 2018 to Jan 25, 2018 |
| Listing Date | Feb 5, 2018 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 6,000,000 shares(aggregating up to ₹12.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Objects of the Issue
The purpose of the issue is to collect money for:
1. Investment in the subsidiary firm SGRMPL to finance working capital needs and capital expenditures related to the restoration and modernization of the existing manufacturing facility at Kadi, Gujarat
2. Loan repayment;
3. Financial outlay for general corporate objectives.
Ashoka Metcast IPO Prospectus
Company Contact Information
Ashoka Metcast Limited
7th Floor, Ashoka Chambers, Opposite HCG Hospital
Mithakhali Six Roads, Mithakhali
Ahmedabad
Phone: +91- 79- 2646 3226
Email: info@ashokametcast.in
Website: http://www.ashokametcast.in/
Ashoka Metcast IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Ashoka Metcast IPO Lead Manager(s)
- Aryaman Financial Services limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
